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revenue bond

noun

: a bond issued by a public agency authorized to build, acquire, or improve a revenue-producing property (such as a toll road) and payable out of revenue derived from such property

Examples of revenue bond in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Sales-tax revenue bonds are secured, as the name suggests, by levies generated by sales and they are used to fund essential infrastructure, said Daniel Close, head of municipals at Nuveen. Michelle Fox, CNBC, 25 Nov. 2025 Over the course of more than 30 years, utilizing grants and revenue bonds to finance infrastructure investments, Neal built miles of rail track at the Port to ship exports out to the Union Pacific line. Sean Patrick Cooper, Rolling Stone, 24 Nov. 2025 Some of that funding will likely come from lease revenue bonds, Curl said. Sierra Lopez, Mercury News, 23 Oct. 2025 The wide-ranging pact also includes amendment of a forbearance agreement with Palomar’s lenders, a requirement that lenders created after the public health care district breached financial covenants on more than $700 million in revenue bond debt. Paul Sisson, San Diego Union-Tribune, 23 Oct. 2025 See All Example Sentences for revenue bond

Word History

First Known Use

1856, in the meaning defined above

Time Traveler
The first known use of revenue bond was in 1856

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Cite this Entry

“Revenue bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/revenue%20bond. Accessed 2 Dec. 2025.

Legal Definition

revenue bond

see bond sense 2

More from Merriam-Webster on revenue bond

Last Updated: - Updated example sentences
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